Global Coil Wound Devices Market by Type (Sensors, Bobbins, Electromagnetic Coils, Solenoids, Lightning Coil), By Application (Transportation, Industrial Machinery & Equipment, Medical Devices, Mining, Energy) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Coil Wound Devices Market size is projected to grow at a CAGR of 4.5%, from USD 2.27 billion in 2018 to USD X.XX billion by 2028 during the forecast period. The growth of this market can be attributed to the increasing demand for coil wound devices from transportation, industrial machinery & equipment, medical devices, mining, and energy sectors.

Coil wound devices are electrical components that use coils to generate or control electric currents. These devices are used in a wide range of applications, including transportation, industrial machinery & equipment, medical devices, mining, and energy sectors. A coil wound device is an electromechanical device used to create a magnetic field in the presence of an electric current. Coil wound devices are available in different sizes and shapes. For example, a wire wrapped around one core produces a single-layer solenoid; it has many wires that wrap around another core from multiple layers or coils, creating an electromagnet.

On the basis of Type, the global coil wound devices market is segmented into sensors, bobbins, electromagnetic coils, solenoids, and lightning coil.

Sensors:

A sensor is used to detect the occurrence of an event and generate a signal based on that. A sensor coil wound device converts temperature, pressure, light intensity, force or other physical quantities into electrical signals. Sensors are available in different types such as optical sensors (photodiodes), magnetic sensors (Hall effect sensors), thermal sensors (Peltier effect sensors), and piezoelectric sensors. These devices are used in a wide range of applications, including automotive, industrial, medical, and military applications.

Bobbins:

Bobbin-type coil wound devices are the most common type of coil-wound device. They are used to convert electrical energy into a rotating magnetic field or vice versa. Bobbin-type coil wound devices consist of two parts: the stationary bobbin and the moving armature. The stationary bobbin is a metal cylinder with a hole in the center, which is called the bore. The moving armature consists of a metal ring with an iron core in the center and copper or aluminum windings on its outer surface. Bobbin coil wound devices are used in industrial machinery & equipment, medical devices, mining, and energy sectors to convert electrical energy into mechanical motion.

Electromagnetic Coils:

Electromagnetic coils are the most common type of coil-wound device. They are used to create a magnetic field in the presence of an electric current. Electromagnetic coils are made of copper or aluminum wire and are often coiled around a metal core. When an electric current is applied, it creates a magnetic field that can be used to power electrical equipment. An electromagnetic coil can be categorized into single-layer and multi-layer coils. The former is made up of a wire wrapped around one core, while the latter has many wires that wrap around another core to form multiple layers of coils, creating an electromagnet.

Solenoids:

Solenoids are a type of coil-wound device that creates a magnetic field in the presence of an electric current. They are available in different sizes and shapes and can be used to control or generate electric currents. Solenoids consist of one or more coils of wire around a core. When an electric current flows through the coils, it creates a magnetic field that can be used to control or actuate other devices. Solenoids are commonly used in transportation, industrial machinery & equipment, medical devices, mining, and energy sectors.

Lightning Coil:

Lightning coil wound devices are a type of coil-wound device that is used to protect electrical equipment from damage caused by lightning strikes. These devices use a large coil of wire that creates a magnetic field when an electric current flows through it. This magnetic field protects the equipment from the destructive effects of a lightning strike. These devices work by absorbing the energy of a lightning strike and dissipating it into the ground. They are used in a variety of applications, including telecommunications, data centers, electrical substations, and wind turbines.

On the basis of Application, the global coil wound devices market is segmented into transportation, medical devices, mining, and energy.

Transportation:

In the transportation industry, coil wound devices are used to convert electrical energy into mechanical motion. They can be used in a variety of applications, such as automobiles and airplanes. The automotive industry uses them for controlling engine speed or changing gears while driving; they also use them to start engines after an accident has occurred so that the car will not stall. The aviation industry uses them to start the engines on airplanes and to power the electrical systems onboard.

Medical Devices:

Coil wound devices are used in medical devices to convert electrical energy into mechanical motion. Some of the most common applications include pacemakers, defibrillators, and heart monitors. Coil wound devices are also used in diagnostic equipment, such as X-ray machines and MRI scanners. They are also used in surgical instruments, such as scalpels and forceps. Coil wound devices are an essential part of many medical devices and play a critical role in the treatment of patients.

Mining:

Coil wound devices are used in the mining industry to detect and prevent explosions. They are also used to detect and prevent gas leaks. Coil wound devices are essential safety equipment in mines. They help protect minors from harm and save lives. Mining is a dangerous industry. Mines are filled with explosives and gas leaks can be deadly. Coil wound devices help to prevent these hazards from causing harm. They detect the presence of gas and explosions and provide warning signals to miners. This allows them to take action to protect themselves and avoid accidents.

Energy:

The coil wound devices are used in the energy sector for various purposes such as power transmission, voltage stabilization, and transformer. They help to improve the performance of these systems and also help in reducing the losses. The use of these devices helps in improving the efficiency of the overall system. Coil wound devices such as lightning coils, electromagnetic coils, and other related devices are used in the energy sector. These devices find their applications in power generation, transmission & distribution, and renewable energy sources.- In the power generation segment, coil wound devices are widely used to enhance electrical insulation of medium voltage equipment such as transformers. Electromagnetic coils (also known as inductors) are used in transformers, which are coil wound devices.

On the basis of Region, the global coil wound devices market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region is expected to dominate the global coil wound devices market during the forecast period. This can be attributed to the presence of major coil wound device manufacturers in this region. The Asia Pacific region is expected to be the fastest-growing market for coil wound devices during the forecast period. This can be attributed to the high growth of the automotive and industrial sectors in this region.

The coil wound devices market in Latin America is expected to grow at a CAGR of over 11% during the forecast period. This can be attributed to the increasing demand for coil wound devices from the transportation, industrial machinery & equipment, and medical devices sectors in this region. The growth of the automotive sector in Latin America is also expected to contribute to the growth of the coil wound devices market in this region.

Europe is one of the strongest economies and has a well-established manufacturing sector. The region accounts for a significant share in the coil wound devices market due to high demand from different sectors such as medical, aerospace & defense, automotive, industrial machinery and equipment, etc. In Europe, Germany holds the largest market share owing to the strong manufacturing base in this country. Germany is also home to some of the leading companies in the coil wound devices market such as Schaeffler Group. The automotive industry in Germany has a strong base and is considered one of the largest manufacturing sectors in this country. It accounts for a significant share in global automobile production, employing more than 800,000 people with an annual turnover of around EUR200 billion. The coil wound devices are extensively used in the automotive industry for various applications such as engine management, fuel injection, power steering, braking systems, etc. This is expected to drive the demand for coil wound devices in Europe during the forecast period.

France is another major market for coil wound devices in Europe. It has a well-established manufacturing sector and accounts for a significant share of the global economy. The automotive industry accounts for a major share of the total manufacturing output of France. Currently, automobile sales are recovering from a very low level back to pre-crisis levels driven by increased demand in Asia and Europe, especially Germany, UK, and France. The increasing automotive production is expected to drive the demand for coil wound devices in France during the forecast period.

The Netherlands is another major market for coil wound devices in Europe. The manufacturing sector of this country accounts for a significant share of its GDP, followed by service and agricultural sectors. In addition, the manufacturing industry has the highest export value after the consumer electronics and medical equipment industries. Coil wound devices are extensively used in the industrial machinery and equipment industry, which is a major contributor to the Dutch economy. This is expected to drive the demand for coil wound devices in the Netherlands during the forecast period.

The UK is also expected to grow at a significant rate during the forecast period. The automotive sector of this country has been witnessing healthy growth in the past few years. The production of cars reached a record high in 2017 with around 170 new car models planned to be released in 2018. This is expected to drive the demand for coil wound devices in the UK during the forecast period. Some of the other major markets for coil wound devices in Europe include Italy, Spain, and Sweden. These countries are expected to grow at a moderate rate during the forecast period.

Growth Factors For The Global Coil Wound Devices Market:

The increasing growth of the construction industry is one of the major factors driving the demand for coil wound devices in several applications, such as industrial machinery & equipment (pump motors, compressors) and mining. In addition, they are used to start DC production plants that generate electricity from hydropower or wind turbines. These coils also find application in the manufacture of electric generators and transformers.

The coil wound devices market is also driven by increasing demand from emerging countries such as China, India, and Brazil. The construction industry in these countries has witnessed an increase in investment due to rapid urbanization and industrialization, which is driving the need for coil wound devices. In addition, the automotive industry in these countries is witnessing significant growth, which is further driving the demand for coil wound devices.

Up Market Research published a new report titled “Coil Wound Devices Market research report which is segmented by Types (Sensors, Bobbins, Electromagnetic Coils, Solenoids, Lightning Coil), By Applications (Transportation, Industrial Machinery & Equipment, Medical Devices, Mining, Energy), By Players/Companies ABB, Honeywell International, Parker Hannifin, Danaher, SIEMENS, Magnet-Schultz, Murata Manufacturing, Emerson, Schneider Electric, TDK, Asco Valve, Hubbell Industrial, Standex Electronics, Amtek Switch, Baldor Electric, TE Connectivity, Regal Beloit, Taiwan Shulin Enterprise”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Coil Wound Devices Market Report Segments:

The market is segmented by Type Sensors, Bobbins, Electromagnetic Coils, Solenoids, Lightning Coil and By Application Transportation, Industrial Machinery & Equipment, Medical Devices, Mining, Energy.

Some of the companies that are profiled in this report are:

1. ABB
2. Honeywell International
3. Parker Hannifin
4. Danaher
5. SIEMENS
6. Magnet-Schultz
7. Murata Manufacturing
8. Emerson
9. Schneider Electric
10. TDK
11. Asco Valve
12. Hubbell Industrial
13. Standex Electronics
14. Amtek Switch
15. Baldor Electric
16. TE Connectivity
17. Regal Beloit
18. Taiwan Shulin Enterprise

Coil Wound Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Coil Wound Devices Market

Overview of the regional outlook of the Coil Wound Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Coil Wound Devices Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Coil Wound Devices Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Sensors

                2. Bobbins

                3. Electromagnetic Coils

                4. Solenoids

                5. Lightning Coil

                1. Transportation

                2. Industrial Machinery & Equipment

                3. Medical Devices

                4. Mining

                5. Energy

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Coil Wound Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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Reasons to Purchase the Coil Wound Devices Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.